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. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washi
and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i r
>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
that was available to the administration, at the time. >> i have found no heroes here in washington. the focus on and in some cases the obsessive focus on ambassador rice's appearance on a series of sunday shows several months ago is misplaced and misguided. >> why did the administration put her out there as the spokesperson and try to what it end up being misleading the world on what happened in benghazi? >> i believe the president should be able to pick his cabinet unless something egregious. wait, if what you say on few shows sunday was false because somebody gave you bad information who is the person who gave you the bad information? i do think the white house -- has to give that answer for her to be approved. >> what unmitigated gall for these men to attack the permanent representative to the united nations. >> whether it is intelligence, whether it is enforcement, whether it is just the beauracracy, i have found no heroes here in washington. >> all of the things that they have disliked with about things that have gone on in this administration they've never called a male, unqualified, no
negotiations in washington. the white house announcing in advance today that the president himself would be answering people's questions about the negotiations in washington. he would be answering them directly on twit ter starting a 2:00 p.m. eastern. it is kind of awesome that regular people can ask direct questions from the leader of the free world. it's like a town hall but you don't have to go to new hampshire in the winter to do it. but doing this shows the unique risks of totally unmediated communication methods for high profile people. like there was this exchange this afternoon which does make sense and it is on message, even if at first it doesn't seem that way. the person who's writing the president here is called, don't be a prat. that's their name on twitter. here's the president answering the question. @barackobama. as a recent college grad without a job, these cuts wouldn't help me, would they? here's the president's response. cuts without revenue e equal reductions in student loans. also work study credits expire. bad for growth, like your hair. right. no. punkuation. end
in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead ofç privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman
fire from political opponents in washington today said enough. susan rice, the ambassador to the u.n., so embattled over the tragedy in benghazi, said she will not go through a bruising nomination fight to succeed hillary clinton as secretary of state. so, what happened behind closed doors? why now? and whom will the president pick to represent america on the world stage? abc's senior white house correspondent jake tapper has all the details right now. jake? >> reporter: good evening, diane. well, ambassador susan rice withdrew her name from consideration to be secretary of state after weeks of bruising political battles and a cacophony of criticism. in a letter to the president today, u.s. ambassador to the united nations susan rice wrote, "the position of secretary of state should never be politicized. i am saddened that we have reached this point even before you have decided whom to nominate." and she shared the news on nbc. >> i didn't want to see a confirmation process that was very prolonged, very politicized, very distracting and very disruptive, because there are so many th
>>> thon saturday night hitting home. ten days to washington dragging the country off the fiscal cliff and lawmakers have headed out of dodge. will it be too late when they get back from christmas break? what will it mean for your family? >>> guns in schools after the nra's defiant announcement. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> the question is, are armed guards the way to keep kids safe? at least one school district is already arming the teachers. >>> holiday rush. the mad dash at the mall just three days to go. plus planes, trains, and automobiles. millions of americans hit the road. where will there be a white christmas? in their honor. signs of the season from coast to coast paying tribute to some genuine american heroes. >>> good evening. those post christmas credit card bills may not be the only shock to the wallet come the new year. with just ten days left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax incr
of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spooking wall street in a big way just in the last hour, and as bill said we finished down near the lows of the day, down about 157 points for the dow. settling up right now. down what, about 165 at the very low, bill? >> i think so, yes. >> and the nasdaq finishing down 25 points and the s&p off by 15, a fifth straight day in the red. well, it is the last friday of 2012. it's in the books. check. still no deal in sight and no new offer either on the table from the president as eamon javers told us a little while ago. what now for the markets? we have our guests and our very own rick sell sebak with us. rick, let me get to you, first of all, because you're here on the set. what now for the markets? >> what now for the mar
will see the rain lift up. washington improving conditions, new york city very heavy rain and very gusty winds. here's a look. that's part of the problem with the storm and has been since the beginning. not only are we seeing swaths of snow but the winds are so strong. in the last three hours, 40 mile an hour wind gusts in new york city. 26 in buffalo and cleveland and indy. so, again, the snow is clearing out of illinois and indiana. look at what it left behind. kentucky, over four inches. here's what is left of it. the storm lifting to the north. upstate and western new york getting five to nine inches and then nine to 12 in northern new york, and the green and white mountains of vermont and new hampshire because the snow will last the longest as it lifts further north. >> all anyone wants to know is when can we expect to see the weather improve? >> it is going to improve and we will watch this move. here's the area of low pressure. here's the time stamp for you tonight at 10:00. right on the money. here's where the low pressure is over washington where it is rain but it is going to th
fired up. >> fired up. talk about fired up. for thousands of people in seattle and all across washington state, this day could not come soon enough. it is day one of legal recreational marijuana use. courtesy of the voters who passed a landmark referendum last month. from this day forward, if you are old enough to drink, you can consume as much as one ounce of pot in washington state but you still can't grow it and you still can't sell it. technically, you still can't buy it and you're not supposed to light up in public either. what are you all doing out there at that party? my colleague was there. he was on the not so mean streets when the law took effect. i'll be interested to find out what the absentee rate is at seattle workplaces today, miguel. >> reporter: i think most people are going to work here. it's not quite as crazy as that. it's cold and rainy. puts a damper on things. there were a lot of parties across the entire state and a lot of those issues you raised will be taken care of in the near future. last night was a night for celebration for these folks. >> four, three, two,
just need to feel better. cheryl: do something. come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some m
. and where new york state and new jersey we'll see that rain lift up. washington improving conditions. new york city very heavy rain and very gusty winds. that is part of the problem with this storm and has been since the beginning. we are seeing the swaths of snow but the winds are so strong. in the last three hours 40 mile per hour wind gusts in new york city. so again, the snow cheering out of illinois and indiana but look at what it has left behind. in areas of illinois, 18 inches. in indy, 7 inches, kentucky, 4 inches. and here's what's left of it. the whole storm lifting to the north. upstate and western new york getting 5 to 9 inches of snow. nine to 12 inches in northern new york and the green and white mountains of new hampshire. >> and of course all anybody wants to know is when can we expect to see the weather improve around the country? >> it will. it is going to improve. we are going to watch this move. here is the area of low pressure we are watching. here's the time stamp tonight at 10:00. right on the money. here is where that low pressure is right over washington where is
to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drum beat against the nra. >>> six days until the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and civil liberty groups take on torture in zero dark thirty. >>> if no deal is reached, the nation will go over the fiscal cliff in a little more than five days and house republicans are doing nothing mor
in a barrel. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going
now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with demo
of washington; right? low for a deal to meet the deadline. the markets show traders, well, they are not exactly optimistic. right now, stocks down 69 points, moving lower for the fifth straight session. one crisis, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rall
for the next hour. rachel has the night off but we have big news out of washington, where nothing is happening. the house is not in session, and as of this moment has no plans to be in session for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call it doing nothing. after you do it, nothing occurs. if washington doesn't do something, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a docto
said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he coul
's starting to sound a little like winder, thank you. >>> to the fiscal storm in washington now. and a wouldn't one meeting at the white house today between john bane interthe president. with just 23 days to go until the fiscal cliff r they close center david kerley at the white house tonight. >> reporter: for the first time in more than three weeks a face to face meeting at the white house. today no cameras as the president sat down with john boner. no details are announced tonight. they see progress. >> any time you two guys in that tangoing, you have a change to get done. >> reporter: before the talk, some republicans were admitting the president will get a lot of what he wants. >> let's face it, he has the upper hand on taxing. >> reporter: why the compromising words? the white house moderated demands. word that the actual rate could be negatiotiable. >> will i accent it? yes. >> reporter: the problem, entitlement. and today, a leading democrat embraced the way to cut medicare cuts. means testing. those who make more would have to pay more more medicare. >> those of us who make more in re
in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it moved throughed alabama area. >> my god look that is a tornado. wow. jesus look at that tornado. my god that is cool. jesus please keep your hands on who ever is over there. look at them. that is like two tornados. it is two funnels on the ground. oh lord. look there. wow. oh xgt oh my god look at that. look there is another one it is fix thiing to touch down. we are going to have toged in the bathroom it is coming towards us. in the south like little rock, arkansas they got 9 inches of snow. more than they have seen in 86 years. it is more coming farther north. rarely so much at once. a foot and a half or more in the northeast. it is enough to make you want to stay put and watch cnn. we have everything y
that this is a conversation that he has to have not just with washington but the rest of the country. bringing in business leaders, small business leaders, going out across the country. one reason i think why this time it's going to be different from the failures of the past, the debt krilg debacle, the failure of the super committee, is i think the american people and particularly the american business community, realize what's at stake, and i think an awful lot of us, frankly, in both parties who are willing to get there -- i want to commend kelli as well. there's been a big group of us, well in excess of the majority in the senate who say we're willing to do our part. we want to give the speaker and the president room to get the framework, but we'll help fill in the details as we go forward. >> senator ayotte, there's not much time left here, and it does seem like an inordinate amount of time, almost a month has passed, and we have a description of stalemate and way far apart. >> candy, i see that as swre disappointing, a big problem. that's why i didn't like seeing that essentially it was a rerun of h
in washington. on top of that social security is going bankrupt, as is medicare, and all obama is fighting for is increasing taxes that will only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the hous
this morning in washington, and the focus is on capitol hill as lawmakers try to work out and vote on a deal to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separat
in washington yesterday from all over the country. i said i will give any of your million bucks if you get some new what the republican message was in 2006. i kept my money. i give you a dollar if you continue with the republican message was in 2010. all about puuhing back against excessive interests of expansive expensive government over reached in the guise of tarp and stimulus and obamacare. here we are again. they know who they are. >> a party of social issues cannot make its of a party of economics. they are completely stuck in the middle, and obama holds the cards. if they take the wrong but they lose and if they take the right pose the lose. of their patriotic into what is right they lose. very difficult position to be in >> but you are admitting that this is about tactics. [talking over each other] >> i am not a brain surgeon. i am a political person. that's what i do. lou: i love it when you are modest. >> modesty becomes you. this is where i think republicans have an opportunity to lead. they need to be clear, concise, and say -- lou: if i made, who in the republican party is capable
. >> that's true. >> yes. >> scarborough, commanding george washington. >> washingtonesque. >> tall. >> yes. >> dignity. >> same, 6'4", same thing, yeah. >> so clearly, it's mika brzezinski. >> really? >> when i left, they're still clapping. >> really? >> renaissance woman. >> is it the alcohol? >> i think it's more of the slaves, actually. >> the what? >> nothing. i didn't say anything. >> gotcha. >> you missed that. >> i did. >> the you're the jeffersonian. >> the art of power. the art of navigating power. >> with that, let's go to the most jeffersonian figure for the news. >> all right. we begin this morning with new urgency in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying tha
in washington. while the fed is making a tidy out.it on a controversial about to send that and more out the door. to pump up the economy. >> the financial crisis has a tidy profit for taxpayers. they sold the last remaining shares of insurance giant a.zig today. the company nearly collapsed in 2008 after making risky financial bet. the treasury and the federal reserve came to the rescue, taking it over and backing it with $182 billion. avenue self-ing off the last shares treasury reported $5 billion profit on the bail-out. the federal reserve made $17.7 billion. but the fed won't be parking its cash. it's holding a two-day policy meeting and it is expected to announce tomorrow it will continue to keep interest rates low. but it wants to get them especially lower. for mortgages, car loan and business loan. it is expected to expand one of the major stimulus programs known as quantitative easing. it will buy more treasury bonds from banks and investors for cash. extra $40 billion or so a month. the fed hopes it will create more jobs. >> even though unemployment ticked down there is a reserve of peo
leader, eric kantor, warning lawmakers they will stay in washington until a fiscal deal is reached. allen west is here. before we get to the idea of staying in washington, you have said that negotiating with president obama is, to quote you, silly. >> i think when you look at what just happened today, the federal reserve will go into what is using -- >> greta: printing money. a fancy way to say it -- >> to the tune of $45 million a month foritous buy up our own treasury stocks. the argument is about $85 billion per year. when you put it thatn that context and understand that revenues have increased in the united states of america by 10% and spending by the for the government has increased 16% and we have a federal government spending 25s% of our gross domestic product, this is not a revenue issue, this is a spending issue. i think what we need to do is come up with the right type of legislation to solve this thing, keep these tax rates where they are and then if we want to come back next year and do the right thing, as far as the comprehensive tax scprmpl really solving this and promoting
>>> welcome to cnn "newsroom." the senate is in session. the president is due back in washington minutes from now. there's no other movement to speak of towards scaling back or avoiding those billions of tax hikes and spending cuts due to start just five days from now. dana bash is in washington. great to see you. within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the b
they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what d
matthews in washington. let me start tonight with this. when a party loses an election, the knives come out. right now we're watching the night of the long knives on the right. these stories breaking tonight. right wing senator jim demint, the man behind too many failed right wing senate challengers, christine "i'm not a witch" o'donnell, richard mourdock announced today he's quitting the senate to run the hard right heritage foundation. meanwhile, in the republican house a purge is under way with speaker boehner dumping uncontrollable right wingers from prize committee assignments. they're out because they're too right. so what is too right for the republicans following the defeat this week or their defeat last month? is voting nay in the senate against a handicap rights treaty because it carries the nightmare dread of blue helmets riding black helicopters sweeping into your home school room. is that okay? what's out? what's in in the republican party that just took a licking? bob shrum is a democratic strategist and columnist at the daily beast, and john brabender ran rick santorum's pres
kudlow report" starts right now. >>> first up, we begin with breaking news out of washington tonight with just 18 days until the country's economy falls off the tax and fiscal cliff, turns out president obama and house speaker john boehner have just wrapped up a surprise meeting at the white house. cnbc's own eamon javers joins us now with the details. again, good evening, eamon. >> good evening, larry. we're told the meeting at the white house was in the oval office. it was about 50 minutes long. boehner and obama were joined by a couple key players, including tim geithner and rob neighbors, the white house's liaison to capitol hill. he's the go-to guy who's been shuttling the paper back and forth throughout this. boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more
politics. >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington back to work. the countydown is on. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. now, i'm not trying to be a g n grinch here. i hope everyone's had a merry, merry christmas. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight, treasury secretary tim geithner told congress that the country will hit the debt ceiling on december 31st, some two months earlier than expected, but there's still no date yet on when the house of representatives will be called into session to veto a vote on any deal. president obama cut his hawaiian vacation short and is due to land in washington tomorrow. but if politicians aren't feeling enough urgency, the people people. 50% of americans think a deal is likely. that's down nine points from just a few weeks ago. if we go over
back to us. >> yeah. thank you. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over s
from washington. members only. membership has its privileges. we're 26 days away from going over the fis calf cliff and these are members of the house of representatives walking out. they're going home. no session tomorrow, long weekend. they need a rest. i hope someone can explain this to me. >>> the bears taking a big bite out of apple computer today. the stock getting hammered. has apple lost its mojo or does the company still have room to run? >>> and city, the big slash. knife coming down on 1,000 jobs. the cfo is set to speak about the shake-up right now and we will have the very latest on this very widely held stock which has been moving higher tod today. >>> we have a rally on our hands despite some downward pressure in apple. two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the n
a year. a u.s. senator, scott, makes $174,000. an pelley: nancy, thank you. washington state's new marijuana law went into effect today, make together first state to legalize the drug for recreational use itt people 21 or older. john blackstone tells us those that are supposed to enforce law are a little foggy on the details. >> reporter: at seattle police headquarters, jonah spangenthal lee was given the task of explaining the state state's new marijuana law on an online guide. what do you call it? e. mari-what-now? the guide to legal pot use in x.attle. >> reporter: a lot of people are tying, that. it will take a year for the state to write regulations for selling marijuana illegally. for now, that leaves some confusion gaffes. tir example, it's still illegal let moke pot publicly, but last night people did. let me get this straight-- you can possess it, you can buy it, but nobody is allowed to sell t. s> that's correct. alreporter: and nobody is allowed to grow it right now, either. >> that's correct as well. >> reporter: so how do you get legal pot? >> i couldn't tell you. >> r
be hunkering down in washington, negotiating over christmas. >>> and now, abc's barbara walters is back tonight with another exclusive interview. this time, secretary of state hillary clinton. who is about to leave office, after traveling almost a million miles to nearly 100 countries. and everyone asking, does she still dream of the presidency? barbara is here right now. barbara? >> reporter: and that is the question, diane. as hillary clinton winds down her time as secretary of state, traveling the globe, we sat down together and i asked her that question, that's on everybody's mind. what's next? what most people are asking now about you is, will you consider running for president in 2016? would you just like to make your declaration now? we could conclude this interview. >> well, that would be fascinating, to me, as well as everyone else. you know, i've said i really don't believe that that's something i will do again. i am so grateful i had the experience of doing it before. but you know, i -- i think there are lots of ways to serve, so, i will continue to serve. >> reporter: what would it
in oregon, and shutting down rail service in parts of washington state after 11 landslides in three days. the weather this weekend is a whole lot quieter, so good news, aside from the storm in the west. next question, who gets a white christmas? look at this map. the rockies, the plains, where we had the blizzard, plenty of cold to keep the snow there and northeast and new england could see a little fresh white, at least in some parts. cynthia? >> thank you, ginger. >>> we move on to a somber anniversary. at 9:30 this morning, the nation observed a moment of silence to mark one week since the tragedy in newtown, connecticut. church bells rang out, one for each victim and two more for the shooter and his mother. >>> in washington, the president marked the moment, bowing his head in the oval office. within hours, another kind of silence was broken with the powerful national rifle association's defiant new message. here's abc's senior justice correspondent, pierre thomas. >> the nra has blood on its hands! shame on the nra! >> reporter: the nra leader had barely begun when protesters blamed
't think that's a positive example for children. >> reporter: our new abc washington news post pole shows a majority of americans continue to favor more restrictions on gun ownership. that may be the reason other americans are flocking to gun stores. shelves empty just this week at this north carolina store. >> we've never seen anything like this. we have the christmas business, the hunting season business, and now we have the political business. >> lapierre was pressed time and time again whether he would agree to one change in gun law, he either refused to answer or changed the subject. he finished by saying the gun is the tool. the problem is the criminal. >> let me ask you about another washington story. we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later t
the latest trap, where it's heading. abc meteorologist ginger zee is standing by. >>> on the edge. washington taking america right up to the fiscal cliff. three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit. paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. football coach's battle off the field inspired a major turnaround on it. and tonight, he's about to return. >> you're like -- >> tomorrow, a team's prayer answered. >>> good evening. it's great to have you with us here on a saturday night. we do begin here, with yet another holiday storm. the one-two punch this year, and tonight, on a weekend when so many are still traveling, a challenge out there. here's the radar this evening. rain and snow. tonight, it's moving through the ohio valley right into the northeast, from washington up through philly, new york and boston. this is just one of the many scenes on the highways tonight. this is i-83 outside of harrisburg. wh
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